Boeing and Aviation Capital Group LLC (ACG) have recently revealed that the aircraft lessor has placed an additional order for 13 brand-new 737 MAX aircraft.
This new addition brings ACG’s total order book to an impressive 47 737 MAX aircraft. This is in line with market demand for the efficient narrowbody aircraft.
ACG’s Expansion with Boeing’s 737 MAX
ACG’s latest order comprises seven 737-8 and six 737-10 jets, showcasing their dedication to broadening their single-aisle options and catering to the increasing demand for the 737 MAX aircraft.
This strategic move aligns with ACG’s goal to provide highly fuel-efficient and versatile planes to the global commercial aviation sector, a sentiment echoed by Steven Udvar-Hazy, Senior Vice President and Chief of Aircraft Operations at ACG.
“This additional order will allow ACG to offer highly fuel efficient and versatile aircraft to our airline customers worldwide,” he said.
Fuel Efficiency and Flexibility
The Boeing 737 MAX family has gained popularity among carriers due to its remarkable efficiency and route flexibility, particularly for short- and medium-haul air travel.
These attributes make it an invaluable asset for aircraft lessors like ACG. Notably, more than 1,300 737 MAX jets have been ordered by lessors, emphasizing the aircraft’s widespread appeal.
The 737-8 and 737-10
Let’s take a closer look at the two variants in ACG’s recent order. The 737-8 can accommodate up to 210 passengers based on configuration and boasts an impressive range of 3,500 nautical miles.
On the other hand, the 737-10, the largest model in the 737 MAX family, can seat up to 230 passengers and has a range of 3,100 nautical miles.
Both of these variants are designed to reduce fuel consumption and carbon emissions by an impressive 20% compared to the aircraft they are replacing.
A Sustainable and Efficient Fleet
Christy Reese, Boeing Vice President of Global Leasing Commercial Sales & Marketing, Boeing Commercial Airplanes, highlighted the significance of ACG’s growing and diverse 737 MAX portfolio.
This expansion allows ACG’s customers to operate a more sustainable and efficient fleet, aligning with the global push for environmentally friendly aviation practices.
“We look forward to helping ACG deliver the most fuel-efficient airplanes in the industry to its airline partners,” said Reese.
One of the most remarkable aspects of the 737 MAX is its contribution to environmental preservation. On average, each 737 MAX aircraft saves up to eight million pounds of CO2 emissions annually compared to its predecessors.
Furthermore, these planes are notably quieter, boasting a 50% smaller noise footprint than the aircraft they are replacing. This not only benefits the environment but also enhances the passenger experience.
About Aviation Capital Group
Aviation Capital Group is one of the world’s premier full-service aircraft asset managers. It boasts a portfolio comprising over 480 owned, managed, and committed aircraft as of June 30, 2023.
Leasing to approximately 90 airlines in around 45 countries, ACG is a prominent player in the aviation industry. Established in 1989, it operates as a wholly owned subsidiary of Tokyo Century Corporation.
Did you know AviationSource has two newsletters? One covers the general news and analysis of the industry as a whole, and the other to do with emergencies that take place throughout the year! To subscribe to our General News Newsletter, CLICK HERE! To subscribe to our Emergencies, Accidents & Incidents Newsletter, CLICK HERE!